What's new

Let's All Laugh At... Let's all laugh at Chelsea thread

ERO

ERO

The artist f.k.a Steffen Freund - Mentalist ****
Jun 8, 2003
5,921
5,292
glacierSpurs said:
All don't make sense. They are damn lucky to be even able to carry on their match days and to end the season. The 30 million operational cost shouldn't even be granted. How are they given so much time to sort out their finances for more loop holes to exploit is beyond my comprehension. Going into administration, points deduction and expelling from European competitions should really be the only consequences. Everyone is just finding excuses to allow this vile club to continue existing in the highest level.
Click to expand...

While I would love for that to happen, I still wonder why that really should be the only consequences for the football club?

Because their owner's home country is at war?
 
riggi

riggi

Well-Known Member
Jun 24, 2008
48,590
105,075
Have Chelsea plummeted down the table and on the verge of going out of business yet? No? Shock.
 
spursfan77

spursfan77

Well-Known Member
Aug 13, 2005
46,703
105,005
Sir Jim Ratcliffe has made a late, sensational bid of more than £4 billion to buy Chelsea. The British billionaire sent the bid to the merchant bank which is conducting the process this morning.

The owner of Ineos, the petrochemicals giant, held discussions with Bruce Buck, the Chelsea chairman only yesterday and has launched a late attempt to beat off three American consortium.

“We put an offer in this morning,” Ratcliffe told The Times. “We are the only British bid. Our motives are simply to try and create a very fine club in London. We have no profit motive because we make our money in other ways.”

Ratcliffe, who was criticised for moving to Monaco in 2018, said that the offer would include a pledge of investing £1.75 billion over ten years in the club in terms of developing the stadium, team and infrastructure — on top of meeting the valuation of about £2.5 billion for the purchase.

Given the size of Ineos and the resources of a vast privately-owned company, Ratcliffe said that Ineos was in a position to send the money and close the deal this weekend if required. He said that he had also discussed the deal with government.

www.thetimes.co.uk

Ineos owner Sir Jim Ratcliffe makes late £4 billion bid for Chelsea

Sir Jim Ratcliffe has made a late move to buy Chelsea, with a bid that would total more than £4 billion. The British billionaire sent the offer this morning to
www.thetimes.co.uk www.thetimes.co.uk
 
Tucker

Tucker

Shitehawk
Jul 15, 2013
31,556
147,654
spursfan77 said:
Sir Jim Ratcliffe has made a late, sensational bid of more than £4 billion to buy Chelsea. The British billionaire sent the bid to the merchant bank which is conducting the process this morning.

The owner of Ineos, the petrochemicals giant, held discussions with Bruce Buck, the Chelsea chairman only yesterday and has launched a late attempt to beat off three American consortium.

“We put an offer in this morning,” Ratcliffe told The Times. “We are the only British bid. Our motives are simply to try and create a very fine club in London. We have no profit motive because we make our money in other ways.”

Ratcliffe, who was criticised for moving to Monaco in 2018, said that the offer would include a pledge of investing £1.75 billion over ten years in the club in terms of developing the stadium, team and infrastructure — on top of meeting the valuation of about £2.5 billion for the purchase.

Given the size of Ineos and the resources of a vast privately-owned company, Ratcliffe said that Ineos was in a position to send the money and close the deal this weekend if required. He said that he had also discussed the deal with government.

www.thetimes.co.uk

Ineos owner Sir Jim Ratcliffe makes late £4 billion bid for Chelsea

Sir Jim Ratcliffe has made a late move to buy Chelsea, with a bid that would total more than £4 billion. The British billionaire sent the offer this morning to
www.thetimes.co.uk www.thetimes.co.uk
Click to expand...
Slightly misleading headline though. Says he’ll meet the 2.5 asking price, and promise to invest another 1.75.

I wonder how this fits in with Abramovich’s demands of an extra 500 million on top of the 2.5.
 
spursfan77

spursfan77

Well-Known Member
Aug 13, 2005
46,703
105,005
Tucker said:
Slightly misleading headline though. Says he’ll meet the 2.5 asking price, and promise to invest another 1.75.

I wonder how this fits in with Abramovich’s demands of an extra 500 million on top of the 2.5.
Click to expand...

He'll suit them though, won't he? A brexiteer and a tax dodger. There were links with him at the start of this process and they faded away. Maybe he's always been in the background?
 
curlacious

curlacious

Don’t look at me. I’m irrelevant.
Aug 29, 2017
2,130
10,108
spursfan77 said:
He'll suit them though, won't he? A brexiteer and a tax dodger. There were links with him at the start of this process and they faded away. Maybe he's always been in the background?
Click to expand...
This is like a sniper bidder on eBay. I hate those people.
 
jurgen

jurgen

Busy ****
Jul 5, 2008
6,771
17,400
spursfan77 said:
He'll suit them though, won't he? A brexiteer and a tax dodger. There were links with him at the start of this process and they faded away. Maybe he's always been in the background?
Click to expand...
Is he any different from Joe Lewis in that regard?
 
Tucker

Tucker

Shitehawk
Jul 15, 2013
31,556
147,654
spursfan77 said:
He'll suit them though, won't he? A brexiteer and a tax dodger. There were links with him at the start of this process and they faded away. Maybe he's always been in the background?
Click to expand...
He will, can see the government fast tracking it if the bid is accepted.
 
Aphex

Aphex

Well-Known Member
Jan 30, 2021
6,287
33,052
You just knew Chelsea would end up landing on their feet.

Would be annoying if Ratcliffe buys them because he’s the richest bidder so more chance of them continuing to buy the best players etc

also he’s the ones the Chelsea fans want, so I hope it didn’t happen.

no guarantee he is anything like Roman though. Roman was unique in the sense he was basically given his fortune by Putin and the Russian kleptocracy, easy come easy go.

Would Ratcliffe really self fund Chelsea to that degree? Seems doubtful to me but it is a bit worrying.
 
M

midoshairband

Well-Known Member
Apr 25, 2006
7,164
14,138
£1.75B investment over ten years - that's not really that much when you consider it includes the stadium too.

anyhow, football is fucked if he's allowed to come in and literally pledge to continue a loss making business model.
 
kaz Hirai

kaz Hirai

Well-Known Member
Nov 5, 2008
17,692
25,340
kaz Hirai said:
you just know these lot are gonna get taken over by someone even richer
Click to expand...

said this when it first kicked off, terribly predictable they'd end up with another sugar daddy.

How'd we get stuck with a super rich stingy ancient goblin of a man
 
muppetman

muppetman

Well-Known Member
Jul 29, 2011
9,182
25,638
Hold on, you mean Chelsea will actually be alright and continue being successful?

I'm shocked, shocked I tell you.
 
A

allatsea

Well-Known Member
Aug 31, 2012
8,995
16,271
muppetman said:
Hold on, you mean Chelsea will actually be alright and continue being successful?

I'm shocked, shocked I tell you.
Click to expand...
I am more shocked than you :LOL:

If this happens what is the point of any club not owned by a country or a mad billionaire trying to compete ?
 
You must log in or register to reply here.

Similar threads

Archibald&Crooks
  • Locked
  • Sticky
The Daily ITK Discussion Thread 26th June
6 7 8
Replies
154
Views
78K
Parkie
Parkie
Dharmabum
Why did the swastika fly at White Hart Lane?
Replies
0
Views
2K
Dharmabum
Dharmabum
OmarsComing
Let's all laugh at Tottenham Hotspur thread
14 15 16
Replies
313
Views
43K
taidgh
taidgh
Top